Lincoln National Publishes Q3 2026 Earnings Call Transcript

By Public Technologies
  • Lincoln National's November 5, 2026, third-quarter earnings call featured CEO Ellen Gail Cooper, interim CFO Adam M. Cohen and analysts.
  • Management indicated fourth-quarter share repurchases could reach roughly $100 million, double the preceding quarter's $50 million, with that pace extending into 2027.
  • Adjusted operating income totaled $339 million, including a $95 million charge from the annual assumption review.
  • Management lowered its full-year Group Protection margin outlook to at or modestly below 8%, citing disability claims pressure.
  • Retirement Plan Services expects approximately $3 billion in fourth-quarter net outflows, primarily from one large plan termination.


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